Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18868.14		-54.92	-0.29%
S& P 500	S& P 500 Index	2176.94		-3.45	-0.16%
NASDAQ	NASDAQ Composite	5294.58		18.96	0.36%

 

Dow snaps 7-day win streak as post-election rally eases financials fall 1%

U.S. stocks closed mixed on Wednesday, with a post-U.S. Election rally slowing down as financials dropped more than 1 percent.

The Dow Jones industrial average ended about 55 points lower, snapping a seven-day winning streak, with Goldman Sachs contributing the most losses. The S & P 500 fell around 0.15 percent, with financials leading decliners. The Nasdaq composite outperformed, rising around a third of A percent after opening lower.

" Nothing lasts forever. It' s unusual to see such consistent upward trading," said Mike Bailey, director of research at FBB Capital Partners. " Investors are taking a breath to say what if these policies do not happen or do not happen as quickly As thought. "

The three major US stock indexes had spiked more than 2 percent entering Wednesday trading since Republican Donald Trump upset heavy-favorite Hillary Clinton to win the presidential election, lifted by the prospect of more growth-oriented economic policies from President-elect Trump, Infrastructure spending and deregulation of the financial sectors.

" The bounce in the stock market is a combination of optimism for faster economic growth and relief that the election is over," said Kate Warne, investment strategist at Edward Jones.

" The [stock] market is due for a correction, and we have two factors: the dollar ... and rising bond yields," said Peter Cardillo, chief market economist at First Standard Financial. " If you look at the 10-year Yield, it' s knocking on the door of 2.5 percent, " he said." At some point, that is going to prevent equities from going much higher.

In oil markets, U.S. crude futures gyrated between gains and losses before closing 24 cents lower at $ 45.57 per barrel after comments from the Russian energy minister while investors digested bearish U.S. crude stockpile data.

Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index falling 0.2 percent. In Asia, stocks closed mostly higher, with the Nikkei 225 gaining 1.1 percent and the Korean Kospi advancing 0.62 percent.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 13.8.

Gold futures for December delivery fell 60 cents to settle at $ 1,223.90 per ounce.

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Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18923.06		54.37	0.29%
S& P 500	S& P 500 Index	2180.39		16.19	0.75%
NASDAQ	NASDAQ Composite	5275.62		57.22	1.10%

 

Stocks close higher, Dow notches 7-day win streak as energy surges more 2.5%

U.S. stocks closed higher on Tuesday, lifted by a sharp rally in energy stocks, while the technology sector rebounded after a post-election sell-off.

The Nasdaq composite outperformed, rising 1.1 percent, as Apple and the so-called FANG stocks (Facebook, Amazon, Netflix and Google' s parent firm Alphabet) all rose. Technology stocks have taken a hit since the US election, falling more than 2 percent entering Tuesday.

The prospects of securing their best absolute returns since 2013 2013 will entice long-short firms to add to their exposure aggressively ahead of year. " However, the plunge endured by some of America' s largest and greatest technology companies will will not offer a fortuitous buying opportunity for investors. -end once the skittishness underneath the broader market dissipates, " Jeremy Klein, chief market strategist at FBN Securities, said in a note.

Financials have been one of the largest risers since the election, with The SPDR S & P Bank ETF (KBE) surging more than 15 percent since then.

" I think right now the market is enjoying the notion of tax cuts and less regulation," said Quincy Krosby, market strategist at Prudential Financial. She also said the market is waiting for more details regarding President-elect Donald Trump.

The Dow Jones industrial average closed about 55 points higher, notching a new all-time closing high and extending its winning streak to seven days, with Chevron contributing the most gains.

The S & P 500 rose 0.75 percent, with energy rising around 2.7 percent to lead advancers. U.S. crude rose 5.75 percent to settle at $ 45.81 per barrel amid renewed hopes that OPEC would agree to a production cut.

Overseas, European stocks rose, with the pan-European Stoxx 600 index gaining about a quarter of a percent. In Asia, stocks closed mostly lower, with the Shanghai composite falling 0.11 percent and Japan' s Nikkei 225 closing just below the flatline. Brazil and Mexican Stocks, meanwhile, both rose, with the iShares MSCI Brazil Capped ETF (EWZ) and the Mexico Capped ETF (EWW) advancing 3.4 percent and 1.4 percent, respectively.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was last more than 7 percent lower near 13.45.

Gold futures for December delivery rose $ 2.80 to settle at $ 1,224.50 per ounce.

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Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18868.69		21.03	0.11%
S& P 500	S& P 500 Index	2164.20		-0.25	-0.01%
NASDAQ	NASDAQ Composite	5218.40		-18.71	-0.36%

 

 

Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18847.66		39.78	0.21%
S& P 500	S& P 500 Index	2164.45		-3.03	-0.14%
NASDAQ	NASDAQ Composite	5237.11		28.32	0.54%

 

Dow posts best week since 2011 after Donald Trump election win

U.S. equities closed mostly higher on Friday, with the three major indexes posting their best weekly gains of the year on the back of a surprise Republican sweep.

" I think you' re seeing a transition from a government that had its thumb on growth to a free economy," said Bruce Bittles, chief investment strategist at Baird. " We' re now looking at an economy that can reach its full potential. "

The Dow Jones industrial average closed about 37 points higher, with Goldman Sachs contributing the most gains. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011.

Energy stocks were pressured by falling oil prices, as US crude fell 2.8 percent to settle at $ 43.41 per barrel after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market .

Since Trump' s victory, investors have been quickly reallocating assets, increasing exposure to financials and industrials, while lowering positions in sectors like utilities, real estate and consumer staples.

As of Friday' s close, financials and industrials had gained 11.33 percent and 7.96 percent, respectively, while utilities, consumer staples and real estate were down 4.08 percent, 2.13 percent and 1.47 percent, respectively.

The Fed is largely expected to raise rates next month, according to the CME Group' s FedWatch tool, which said market expectations for higher rates were around 76 percent.

Before the bell, Fed Vice Chairman Stanley Fischer said the case for removing accommodation is " quite strong" while interest rates will plateau at a level that is lower than normal. He added that He expects US rates to rise gradually, and said the Fed is The Fed' s goal is to return to 2 percent longer-run inflation and to maximize employment.

In economic news, consumer sentiment for November came in its highest level since June.

Overseas, European equities traded slightly lower, with the pan-European Stoxx 600 index slipping 0.41 percent. In Asia, stocks closed mostly lower, with the Nikkei 225 gaining 0.18 percent and the Korean Kospi falling 0.91 percent.

Gold futures for December delivery fell $ 42.10 to settle at $ 1,224.30 per ounce.

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